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Niftybank

Levels and zones for Banknifty [INTRADAY] 02-03-2024Trade Setup for 02-03-2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between zones. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
NSE:BANKNIFTY
by Trading_hawk
Bank Nifty (Neowave Update)NSE:BANKNIFTY I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas. Thank you _____________________________________________ Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on _____________________________________________ Key Points- Stoploss- 44780 This needs to break for the confirmation of downside. Support level- 45661 Use this as a stoploss for buying position Target1 - 47200, Target-2 48800 ______________________________________________ Probablities- # we are in up cycles now, which is in sync with SC series. So we will see bulllish ((i)) , ((ii)) and so on count. #There is always comes a word "but" which says follow risk managment. But Scenerios Incase 1 support level is hit, Than stoploss also hit mean cycles is change. Incase 2 if support level is hit and stoploss is not, than SC4 is still going changes of case 1 is more in case of breaking of support level. Thank You ______________________________________________ Medium Term Forecast ______________________________________________
NSE:BANKNIFTY
by Neowave-forecast
13
BANKNIFTY Intraday Trade Setup For 1 Mar 2024BANKNIFTY Intraday Trade Setup For 1 Mar 2024 Bullish-Above 46350 Invalid-Below 46240 T- 46900 47425 Bearish-Below 45650 Invalid-Above 45760 T- 45000 44400 BANKNIFTY has closed on a slight bullish note with 0.34% gain today. It as the worst price action day in intraday. Most of the moves were random to decay premiums from both sides. The daily candle does not cater a strong sentiment. The plotted trendline can be a potential hurdle. After a pullback from this trendline we we get a breakout above 46350 then we will consider bullish trade. Below 45650 it can test round level 45k. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46350 then we will long for the target of 46900 and 47425. For selling we need a 15 Min candle close below 45650. T- 45000 and 44400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 28 Feb 2024BANKNIFTY Intraday Trade Setup For 28 Feb 2024 Bullish- Above 46740 Invalid-Below 46630 T- 47250 47830 Bearish-Below 46310 Invalid-Above 46420 T- 45800 45310 BANKNIFTY has closed on an absolute flat note today. The neck-point of the breakout in daily TF is 46300 which was defended today. The plotted trendline breakout will lead index to a higher high formation. Above 46730 there will be a good upside move. Below 46300 index will give a sharp fall towards 45550 zone. High probability trade looks in the upside as is on verge of breakout of the falling parallel channel. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46730 then we will long for the target of 47250 and 47830. For selling we need a 15 Min candle close below 46310. T- 45800 and 45310. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
27 Feb ’24 — Nifty fights it out and resolves on the upsideNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend.” 4mts chart Nifty50 would have given enough choppiness for those bullish today to test your courage. But N50 ended up defending yesterday’s low and resolved on the upside. We started the day gap-down, but we did not have enough momentum to break the swing low. And by the 3rd candle, we went into the green territory. From there we had one more attempt to go underwater i.e. from 11.39 to 12.11 - but this attempt was quickly bought into. Interestingly, N50 took this as the reversal point and then started climbing steadily. On the 4 minutes chart, it formed a nice 2-legged upmove. On the higher time frame, the ATH is the only thing that stands in the way of the Bulls. Whereas, Bears have 2 to 3 tasks to do to get the scale tipped in their favor. They need to take out the 22051 and 21913 support levels, which is only possible if we have a macro level bad news. Banks are the only sector that could give away such an opportunity. Already the FIIs are not so happy with the future prospects of the financial sector in India. A small trigger could set the ball rolling and before long it could become an avalanche. What we can do is wait for more clarity to appear and then play along. As of now, we wish to play bullish on Nifty and neutral on BankNifty. 63mts chart
NSE:NIFTYLong
by viswaram
BANKNIFTY Intraday Trade Setup For 27 Feb 2024BANKNIFTY Intraday Trade Setup For 27 Feb 2024 Bullish-Above 46900 Invalid-Below 46790 T- 47425 48025 Bearish-Below 46500 Invalid-Above 46610 T- 45990 45470 BANKNIFTY has closed on a bearish note with 0.5% cut today. Sell triggered as per trade setup below 46720 and gave a move till 46520, however targets were pending. Looking at last 3 daily candles if index makes the 4rth candle a green then only possibility of a bullish move is there. 46900 and 46500 are important intraday levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46900 then we will long for the target of 47425 and 48025. For selling we need a 15 Min candle close below 46500. T- 45990 and 45470. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 26 Feb 2024BANKNIFTY Intraday Trade Setup For 26 Feb 2024 Bullish-Above 47260 Invalid-Below 47150 T- 47850 48420 Bearish-Below 46710 Invalid-Above 46820 T- 46165 45640 BANKNIFTY has closed with a very slight gain of 0.92% gain last week. Index gave a breakout of 46600 in daily TF on 20 Feb which will be still valid till 46300 is safe. However 46400 is the last swing low so below this we will get an early sign of reversal. The plotted trendline has been valid since 21 Feb, it was respected even on Friday. Now on breakout of this trendline index will give a bullish move, confirmation above 47250. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47850 and 48420. For selling we need a 15 Min candle close below 46710. T- 46165 and 45640. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Feb 2024BANKNIFTY Intraday Trade Setup For 23 Feb 2024 Bullish-Above 47040 Invalid-Below 46930 T- 47690 48315 Bearish-Below 46350 Invalid-Above 46460 T- 45640 BANKNIFTY has closed with a slight cut of 0.21% today. Sell triggered as per trades setup below 46870 and gave a good move till 46430 there a sharp reversal came in the afternoon session. It has formed a Pin bar candle which caters a bullish sentiment which is followed by the daily TF current. Index has given a bullish breakout above 46600 and now we can expect a good upside momentum towards ATH. Best trade is in upside on a flat opening above today's high. 46350 is an intraday support. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47040 then we will long for the target of 47690 and 48315. For selling we need a 15 Min candle close below 46350. T- 45640. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 22 Feb 2024BANKNIFTY Intraday Trade Setup For 22 Feb 2024 Bullish-Above 47380 Invalid-Below 47270 T- 47865 48425 Bearish-Below 46870 Invalid-Above 46980 T- 46230 45640 BANKNIFTY has closed on a very slight bearish note with 0.16% cut today. Buy triggered as per trade setup above 47150 which hit sl. It was a roller coaster ride whole day. It was a Open = High day so tomorrow below today's low there can be another slide towards 46230. 46230 is a PRZ and can act as a very strong intraday support. Above today's high high will be simple bullish view with a strong momentum followed by the daily TF trend. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47380 then we will long for the target of 47865 and 48425. For selling we need a 15 Min candle close below 46870. T- 46230 and 45640. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 21 Feb 2024BANKNIFTY Intraday Trade Setup For 21 Feb 2024 Bullish-Above 47150 Invalid-Below 47040 T- 47640 48130 Bearish-Below 46780 Invalid-Above 46890 T- 46245 45640 BANKNIFTY has closed on a bullish note with 1.2% gain today. Since this weekend we have been discussing about 46600 breakout in daily TF, chart was also shared in the weekend. Today breakout happened finally. Yesterday we discussed that above 46720 there can be a good up move. So has happened, gave a move till 47130. Tomorrow once again we can expect continuation of today's daily TF breakout. 46300 will be Sl for this bullish breakout trade if considered. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47150 then we will long for the target of 47640 and 48130. For selling we need a 15 Min candle close below 46780. T- 46245 and 45640. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 Feb 2024BANKNIFTY Intraday Trade Setup For 20 Feb 2024 Bullish-Above 46720 Invalid-Below 46610 T- 47270 47760 Bearish-Below 46300 Invalid-Above 46410 T- 45700 45190 BANKNIFTY has closed with a slight gain of 0.32% gain today. Nothing triggered as per trade setup and traded between 46700 and 46300 the whole day. It tested the our daily breakout level 46600 but once again did not close above that. It has formed a spinning top candle which again caters a indecisiveness at the resistance breakout level. Tomorrow above 46720 there can be good intraday up move. Below 46300 there can be down move but strict in trailing. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46720 then we will long for the target of 47270. For selling we need a 15 Min candle close below 46300. T- 45700 and 45190. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 19 Feb 2024BANKNIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 46710 Invalid-Below 46600 T- 47270 47760 Bearish-Below 46250 Invalid-Above 46360 T- 45700 BANKNIFTY has closed on a bullish note last week with 1.64% gain. Looking at the weekly setup index looks ready for a bullish move, confirmation above last swing high 46900. Coming to daily TF index has failed to close above 46600, rejected 4 times. Now if a daily candle closes above 46600 then we will try to initiate a bullish trade. On Friday it formed a shooting star candle so below 46250 we can see some down move which can be the pullback before the daily TF breakout above 46600. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46710 then we will long for the target of 47270 and 47760. For selling we need a 15 Min candle close below 46250. T- 45700. A strong support can be found near 45650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 Dec 2024BANKNIFTY Intraday Trade Setup For 16 Dec 2024 Bullish-Above 46310 Invalid-Below 46200 T- 46915 47330 Bearish-Below 45740 Invalid-Above 45850 T- 45150 44650 BANKNIFTY has closed on a bullish note with 0.68% gain today. Last day we discussed that index closed on a bold bullish sentiment yesterday and chances of a continuation is high. Pullback buy scenario was also discussed however it did not trigger that and bounced from first confluence marked zone 45650 which was 0.382 of yesterday's range. Tomorrow once again we can expect bullish continuation above today's high. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46310 then we will long for the target of 46915. For selling we need a 15 Min candle close below 45740. T- 45150 and 44650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 Feb 2024BANKNIFTY Intraday Trade Setup For 15 Feb 2024 Buy_1-Above 46200 Invalid-Below 46090 T- 46710 47250 Buy_2- From 45350 Invalid-Below 45240 T- 45915 46250 BANKNIFTY has closed on a bullish note with 0.89% gain today. It was a mad bull day to be precise in terms of momentum. It opened with big gap down today and 10 o'clock range was to be used as per trade setup, which broke upside above 45220 and made a high of 46170. With such a bold sentiment tomorrow if we dip towards 45350 by any chance it will be a buying opportunity as per internal half bat pattern. Above 46180-200 index will resume uptrend. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46200 then we will long for the target of 46710 and 47250. 2nd buy can be considered from 45350. T- 45915 and 46250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 Feb 2024BANKNIFTY Intraday Trade Setup For 14 Feb 2024 Bullish-Above 45760 Invalid-Below 45650 T- 46450-500 Bearish-Below 45200 Invalid-Above 45310 T- 44650 44100 BANKNIFTY has closed on a bullish note with 1.38% gain today. Buy triggered as per trade setup above 45100 and hit 1st target 45750. Since 8th Feb index is making one red and then one green in daily TF. Above today's high this pattern will be neglected and chances of a fresh up move is high. In case tomorrow is a red day then it will be really funny, lame joke from options seller. Tomorrow's 1st hourly candle will be important to watch out for a big move, incase of a shooting star it will reverse and come back to daily zone trading. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45760 then we will long for the target of 46450-500. For selling we need a 15 Min candle close below 45200. T- 44650 and 44100. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Feb 2024BANKNIFTY Intraday Trade Setup For 13 Feb 2024 Bullish-Above 45100 Invalid-Below 44990 T- 45680 46220 Bearish-Below 44620 Invalid-Above 44730 T- 44100 43550 BANKNIFTY has closed on a bold bearish note with 1.65% cut today. Yesterday we discussed that index closed near 45650 which was a resistance zone as per projected half bat (0.618) pattern. Idea worked pretty well and resistance was taken from 0.618 , meanwhile sell triggered below 45250 and hit first target (44650) very smoothly. Tomorrow once again we can be selling mode below 44620 and will be best suited if we open above that and then trigger. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45100 then we will long for the target of 45680 and 46220. For selling we need a 15 Min candle close below 44620. T- 44100 and 43550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Feb 2024BANKNIFTY Intraday Trade Setup For 12 Feb 2024 Bullish-Above 45730 Invalid-Below 45620 T- 46220 46710 Bearish-Below 45250 Invalid-Above 45360 T- 44800 44300 BANKNIFTY has closed with a slight cut of 0.73% last week. On Friday it closed on a positive note where it gave a sharp recover of 800+ points from Thursday low. It closed at 0.618% of one last leg pf fall so it can act as a resistance. In case 45250 is broken then this we will treat as it has taken resistance from half bat (0.618). In case it takes out 45730 and candle closes above that then the sentiment created on Friday will be carried forward. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45730 then we will long for the target of 46220 and 46710. For selling we need a 15 Min candle close below 45250. T- 44800 and 44300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
4
Simple Trade Setup | BANKNIFTY | 12-02-2024 [INTRADAY]Trade Setup for 12-02-2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 09 Feb 2024BANKNIFTY Intraday Trade Setup For 09 Feb 2024 Sell_1- From 45650 Invalid-Above 45760 T- 45220 44900 Sell_2- Below 44890 Invalid-Above 45000 T- 44400 43915 BANKNIFTY has closed on a complete bearish note with 1.76% cut today. Since last 3 days BANKNIFTY was complete sideways between 46100 and 45500. Today range broke downside and a gave a good trendy move. Sell triggered as per trade setup below 45520 and hot 1st target 44900. Tomorrow there are two places to short one on pullback and one on continuation. Possibility of a bullish above 45650 looks less. Best trade will be on flat opening below 44890. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44890 then we will short for the target of 44400 and 43915. In case it tests 45650 via a gap up move move then we will short from there. T- 45220 and 44900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 08 Feb 2024BANKNIFTY Intraday Trade Setup For 08 Feb 2024 Bullish-Above 46070 Invalid-Below 45960 T- 46710 47420 Bearish-Below 45520 Invalid-Above 45630 T- 44915 44350 BANKNIFTY has closed on a with a slight gain of 0.28% gain today. It was another complete sideways day making it 3rd consecutive complete non-directional day with absolutely dead momentum in intraday. Nothing triggered as per trade setup today. The possible reason of momentum being contracted seems to be historic after as it generally happens in the form of IV crash/ VIX crash after a big event. Tomorrow is RBI policy so it hopefully it triggers a directional move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46070 then we will long for the target of 46710 and 47420. For selling we need a 15 Min candle close below 45520. T- 44915 and 44350. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
06 Feb ’24 — Nifty takes out the resistance of 21319 on lower TFNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The chart pattern is not at all bearish, in fact, it is more bullish than bearish. But we all know for an upward move, the resistance has to be knocked out whereas the support has to be breached for a downward move. For tomorrow, we wish to maintain our neutral stance and wait for some directional clues to appear.” 4mts chart Nifty does the tough job today - to take out the resistance of 21913. The real job of going bullish is so easy tomorrow, all it needs to do is hold the ground and the bulls will bring the momentum for the rally. Over the last 3 trading sessions, we witnessed 2 failures i.e on the 2nd and 5th Feb. Today against all odds, we opened at a level quite lower than this resistance area and then managed to pull up to the zone and then beat it. In a way, the slow and steady grind is much powerful as we have seen that this market rarely gives leeway to the Bears. BankNifty was not at all supporting Nifty and almost all the gains came from the NiftyIT stocks. NiftyIT closed the day with a super strong gain of 2.92%. 63mts chart The good news of the resistance break is only for the lower time frame. Nifty is still undecided on the 63mts TF and for that same reason, we wish to start the day tomorrow with a neutral bias and then go long if we have a green candle above the 21913 zone. Only if BankNifty lends support we can take out the ATH and there is no better day than the expiry day for such feats.
NSE:NIFTY
by viswaram